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house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zo
to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do not think it goes far enough. i think it was greenspan that i heard last week said in a discussion panel that a rec
has the latest on washington's impasse on taxes and spending. >> ifill: then we examine nato's decision to send patriot anti- missile systems to turkey, as fears grow that syrian chemical weapons could cross the border. >> woodruff: jeffrey brown talks to mcclatchy newspapers' egypt correspondent nancy youssef about the massive antigovernment protests in cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today nobody gets credit for anything and mediocrity is accepted as a core value in the performance of generals. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has b
here in washington, d.c. we're not so sure we're getting out of town yet. >> they should be plans you can cancel if case you have to go right back to work. let me ask a question. jessica says pressure is a great motivator. talk about pressure last night on speaker boehner, couldn't get enough support from his own party for his plan. what does that mean for any kind of bipartisan plan they might be working out? >> it really does illustrate how difficult it is going to be for democrats to even achieve what the president laid out tonight, a scaled down version. the speaker himself said a couple of times today that he believes that the reason why he didn't get even the majority of the caucus to support him was because of a lot of difficulty voting to raise taxes, voting for anything that can be perceived as a tax increase. well, what the president is talking about even scaled down version is definitely raising taxes. and raising taxes on people making $250,000 or more, at least households, so that's going to be difficult to do. that's why reality check here, talking to democrats and repub
. >> it's over. she's feeling better. in washington state at midnight when the clock struck midnight, pot became legal. depending on who you ask. but they voted and pot is legal and gay marriage is legal in washington state. gay couples lined up and at midnight, they had several ceremonies and several gay couples were married. one of them was dan savage, sex columnist, very well-known. >> bill: no kidding. >> he married his long-time partner, terry in washington. if you're in washington state, i would suggest you get high and then go get married because you're going to need it if you're planning on getting married. welcome to the club. for those of you getting married. >> bill: congratulations again to the voters of washington state for doing the right thing there and to the voters of washington state and colorado for doing the right thing when it comes to marijuana. but i would say on disappointing news to me is that the justice department yesterday announced that they want everybody to know that pot is still an ille
to see trillion deficits for as far as the eye can see. listen, washington's got a spending problem, not a revenue problem. >> joining me now are richard wolffe, the executive editor of msnbc.com and an msnbc political analyst, and robert reich, former labor secretary and a professor at the university of california berkeley. he is also the author of "beyond outrage." richard, i want to go to you first here. the president talked quite a bit in the election cycle. >> quite a bit. >> he did, period, about the fever breaking amongst republicans in congress . >> yes. >> it's been quite feverish of late, which is to say a lot of back and forth, a lot of hot air blown from the house caucus. i wonder if you think that fever might be breaking with the suggestion john boehner said, even if the president gets his way on tax rates, which would seem to open the door to that possibility. >> it's a bit to latch on to that. they cannot settle on a position. very different from the last time around. and it's true. the white house has said both publicly and privately, look, we're prepared to see all
from washington. members only. membership has its privileges. we're 26 days away from going over the fis calf cliff and these are members of the house of representatives walking out. they're going home. no session tomorrow, long weekend. they need a rest. i hope someone can explain this to me. >>> the bears taking a big bite out of apple computer today. the stock getting hammered. has apple lost its mojo or does the company still have room to run? >>> and city, the big slash. knife coming down on 1,000 jobs. the cfo is set to speak about the shake-up right now and we will have the very latest on this very widely held stock which has been moving higher tod today. >>> we have a rally on our hands despite some downward pressure in apple. two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the n
this morning. our videographer in chief. >> the washington fuel team he is representing with his hat. >> redskins hat. >> they changed their uniforms. no. it's a weird sort of -- >> did they change their name? >> not yet. >> they should change their name. >> not yet. they are playing the baltimore ravens. big game. goad up the shoreway at baltimore. >> fedex field. >> which is halfway. >> by any stretch of the imagination, fedex field is not in washington. >> no. no. no. >> it's maryland. >> they should have played right here at rfk stadium if you ask me. >> baltimore ravens begins the landover redskins. >> right. exactly. so the christmas season is upon us. i was surprised at the whitehouse the other night that the the white house all festively decorated? >> more beautiful than i remember before. i have been there for a lot of christmas parties. this year, they poured it on. it's magnificent but i was swats when i left, i said to carol the white house screes tree on the ellipse is not lit. last night was the night. the first family there with
washington will take over. >> eric: have a good day, everybody. >> jamie: a nation mourns the lives of the tragedy from sandy hook elementary. police say they have uncovered evidence in the case and they are tracing all the weapon, all the way backto the work benches where they were made. president obama preparing to fly to newtown, connecticut, to act oz our country's consoler in chief. as authorities release the names of the school staff and children who were killed, we learn, not only the terrible details about their last momes and the touching stories of the lives behind the names. i'm bream -- i'm shannon bream with america's news headquarters live from the nation's capitol, starting now. police are working to draw a more complete picture of the man who came to sandy hook elementary and killed children. peter doocy has the latest. >> reporter: with the connecticut state police press conference that just wrapped, the most compelling part, perhaps, was when the lieutenant basically warned people who have been somehow -- we don't know specifically -- but using social media to pose
the information on the benghazi embassy were released. we blew it. at least washington d. >> brian: state department i guess. think it is it acward when mom tried to find you on facebook. being poked by the ayatollah of iran. fox and friends starts right now. ♪ fox and friends. >> steve: the poking on facebook is a weird thing. you - on poke >> gretchen: poking? >> steve: you know what all of the people in the world are doing. >> gretchen: i can poke in different ways. i guess i will figure it out in facebook, too. 92 pokemon. in serious news, a report released on the benghazi terror attack. independent report left four americans including our embassy dead happened after systemic failures produced subparsecurity in our consul late, steves had more from washington. >> good morning, steve and everyone. that cathing report blames state department for a lack of proper security for the deaths of four people in benghazi. the ambassador to libya was among those killed. a special panel was convened to find out what went wrong and presented to select members of congress behind closed doors. the
washington d.c. stepping in and more federal innervention than we have right now . with all of the stuff. pet projects and in a way to help victims of super storm sandy. was a big scare but no injuries. here we go again. a bill intended to aid super storm sandy victims . this has spending hawks peeves. explain your flip side. >> i have no problem but i will say it is more important to thwart than haggle in congress. i live in loir manhattan and we have seen problems with super storm sandy. we have businesses that are close not reopening and this is happening in areas hit by the storm. the vital thing is to get the money flowing and more important than congress hagsling. snurkswe need to swallow pork to get what we need. >> no, we don't. you look at sandy spending bill if dc got hit and not new york or new jersey . two weeks after cat can the hit the new orleans area. that area got money. we are still waiting because it is hung up by pork. you are seeing 3 billion to pair or fix and new cars for the fbi and new trees in cemeteries and silly things like that. it is pretty bad. this could pass o
. >> i'm gres gregg jarrett. >> gridlock in washington continues. the white house not backing down one bit. republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 mill
is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to washington wednesday or thursday and try to hammer out a deal. most likely a short-term deal to get us pa
, as tragic as it is, brings us a little closer together both in the nation and in washington, that would be a good thing. >> all right. top of the hour. good morning. 6:00 on the east coast, it's wednesday, december 19th. christmas is almost here. >> very respectful dialogue. the nra had a respectful statement. i think a lot of people showing respect on this. >> feel something may be be happening. >> feel some grown-ups, maybe. there are, of course, exceptions. >> there are a few. we have mike barnicle with us. you're not an exception. beautiful piece in "the daily news" today. we'll read that in must read. thank you very much. former treasury officials. mark ratner is with us as well. he has a must read. i'm serious. >> beautiful. >> also in washington, washington anchor for "bbc world news america" katty kay. >> no pieces, sorry. >> you'll write one next time. thank you. so we've got a lot to get to this morning. >> a lot to talk about today. >> those exceptions, what are you talking about? >> just in the conversation about everything you thought there were two exceptions. >> rick perr
no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impact whatsoever? it seems curious to me. >> it does call into question whether these numbers can be accurate. we have been starting to think let's check accuracy. why isn't this done by s.a.p.? why aren't numbers done by oracle or salesforce.com. >> those are private companies. i'm just saying that you wouldn't question the data if it was done by a company that got a contract like s.a.p. and put these numbers together. i am beginning to question how these numbers are put together. that number was -- i agree with you. sandy has no impact? >> on number of hours worked. >> a lot of country was shut down during sandy. >> even before the number hit, people were saying you got to incorporate poll w
well that in washington when you're talking about obligating a future congress to make cuts, that's not a deal. and that's the same hook that republicans have always gotten hung on in previous negotiations with democrats when rate increases are on the table. so republicans are saying, look, we'll go 37%. we may even talk about 39%, but we want to see real cuts that are right now, not something that you're going to obligate the congress of 2020 to do because that's not going to happen. >> but that's fine, michael, but that's not what they're saying. >> that is what they're saying. >> no, no, no. boehner wrote a letter in plain english, typed it out, no rate increases, period. not no rate increases -- >> come on. steve, like that means something? >> hold on. so he wrote that letter. the president said we're not going to move from 39%. the president -- >> no, he did not say that. >> let me finish. the president subsequently said we can meet them halfway, and boehner did not rule out a 37% number. >> no, he briefly didn't rule it out, and then he ruled it out. >> it's still on the tab
. looking at some other stories in the news -- the washington post also covers that keeping the justice department had to toughen gun laws ahead of the election. that is the headline. much of the effort was put on hold until after last month's election. according to several officials who knew about the effort. in here is what the story also says. the guns were not on the table according to one anonymous source because everything was shut down in that debate. as we dig into this year, it says the recommendations were discussed with attorney general older and his deputies. there was no indication it was sent to the white house. the recommendations could have had an impact on the access to guns for drug users, criminals, or people with a history of mental illness. host: let's go to the phones and hear from our first caller this morning. greg? caller: good morning, how are you? they talk about needing to have background checks and all of this stuff, but that is not the problem. what it is, i will tell you. they say background checks? it is not background checks, it is your personality, your
at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance of the iowa caucus. >> okay. new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after the election, mitt romney is returning to the business world. the former republican presidential nominee rejoined the board of the u.s. hotel company marriott international. romney served on the marriott board for over a decade stepping down in 2002 before becoming governor of massachusetts and again in 2011 when he launched his second presidential bid. the romney and marrio
. >> welcome back. right now the president is on air force one going back to washington. he shook hands before leaving his vacation in hawaii. he has important talks scheduled to avert the fiscal cliff. >>> as we showed you, the senate is back in session. they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated w
-year-old anthony rice of northwest washington. a dog walker found rice shot to death at ft. lincoln park yesterday. that's right behind thurgood marshall elementary school in northeast. the school notified parents and planned to hold all activities indoors until this investigation in the park was wrapped up. >>> vicious murder still unsolved after seven years. today the culpeper county sheriff released an open letter asking for any information on the death of cheryl warner. back on december 18, 2005, warner was killed in her home. she had been on the phone with her father, a man knock order her door claiming his car had broken down. she was later found tied up and hanging in the basement with her home set on fire. the officials do not believe the killer was alone. they are hope somethi one will provide the tip they need to make an arrest. >>> it is official the district government has for now given up on its plan to set aside hundreds of special red top meters for disabled drivers. but the decision leaves a lot of confusion about just who can park wear and who has to pay. tom sherwo
going to get serious. >> washington remains. >> that is a bad strategy for america. it is a bad strategy for your businesses and it is not a game i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise above gridlock and reach a deal. now we're beating down their doors. live from our nation's capital, this is a cnbc special report. mission critical, rise above d.c. >>> welcome back from our nation's capital. i'm mario bartiromo with brian sullivan. we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the c
to talk about these children who so tragically lost their lives, he spent some time in washington. his daughter sasha had a recital, a dance recital rehearsal back in washington and he realizes he's got his two daughters he was thinking about, parents or folks who, you know, have nieces and nephews are all thinking about them this weekend. the president included, bret. >> okay. ed. those candles in fact were to represent the 20 children and six adults killed in sandy hook elementary school there on the stage, getting ready for this vigil and prayer service. ed henry, thank you very much and again, for more on how you can help the community of newtown, go to foxnews.com and there on the front page you can see the highlighted area in red, the sandy hook support fund, among that in there, you can see the american red cross and other groups, but on the front page foxnews.com, a way that you can help. we're waiting this prayer service to begin and the president is meeting with the victim's families. and you can see all of it here on fox news channel, special coverage from newtown, connectic
world, he business community, everybody around washington is saying, look, guys, make some progress here. neil: what worries me now is when the next shoe drops. democrats, largely 80 congressman did today, following the congressional black caucus and others like schumer said there's no reason to go after entitlements right now. what's to stop republicans from saying, we're outs of here, we're done. >> there is not a lot to stop republicans from saying, nope, then this is not going to work. we are not going to be able to come to a consensus before christmas or before we go off the cliff. a big he want of that was john boehner. he is headed home to ohio for the weekend. obviously, the lines of communication remain open with the white house, but that, to me, is very much a move, a political move, saying, hey, you need to come to the table a little bit more, white house and democrats, if we have any chance of making progress and getting a deal. neil: elizabeth? >> well, i think anyone in the situation would agree you can't make the perfect the enemy of the good, but agree that no deal at thi
. >> "the washington post" reports that the president will put vice president biden in charge of the push to start this violence. biden met with the president along with education secretary arne duncan, eric hold and kathleen sebelius to try to formulate a plan. at the same time, perhaps moved by the national move, another plan seems it's taking shape. the deal to stop us from going over the fiscal cliff. speaker boehner and the preside president at the white house. now, the president supports raising taxes on people earning more than $400,000 a year. i want to bring in "washington post" columnist ruth marcus and the national journalist chris freisz. there's a lot owing on, assault weapons ban and the gun show loophole. do you think they're going to take this, how are they likely to approach this? >> well, i think the vice president say very good choice to lead this because of course he was the chairman of the senate judiciary where this legislation goes through for many years. and so he understands a little bit of what's politically possible or, let's cross our fingers, what might hopefu
things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this is an attempt to for once and for all crush the 21-month rebellion there. nato is considering a turki
on in washington, they can't make sense of it. >> do you think it's change at all? -ust a fever pitch with the cliff coming up? >> it's getting worse. it used to be there were big people in the senate and house who wanted to do the public good. right now, at the process, neither side is committed to it. >> what's next then? it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for taxes. >> could have been for taxes, but,,and the but is very i
looking to washington d.c. for a bailout. the city of dedroit only have thee million in the bank. they need a bailout or hand out toward the federal government because they overwhelmingly in wayne county voted for the president of the united states. sounds like they are heading for bankruptcy. >> brian: do you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more.
in particular caused washington to give unusual deference to his judgment. while the report concludes that there were systemic failures at senior levels of the state department, significantly it does not make any formal recommendations for discipline airy action, bill. bill: what else should we know that's in there, catherine? >> reporter: well the missing piece really, and this is the critical policy piece, is why it was that the obama administration specifically, the secretary of state, advocated for this light footprint on the ground in benghazi when the intelligence seemed to suggest otherwise? secretary clinton will not be testifying this week citing doctors orders she remain at home as she recovers from this concussion. instead we'll hear from two of her deputies. >> when you hear the testimony of deputy secretary burns and deputy secretary nines remind they are standing in for her, so the testimony they give on thursday will very much reflect her view and how we should two forward from this report and how we should learn its lesson. >> reporter: two main takeaways here that sec
is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new negotiations are scheduled and no evidence of any post christmas compromise. >> reporter: cutting his christmas vacation short, president obama left hawaii overnight for washington trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both sides including republican leaders haven't spoken in days. >> washington remains in the same fiscal
leading the way. the giants were buoyed by reports that washington may be closer to a deal we'll get into just a moment. the dow closed the day up 100 points. >>> the empire state manufacturing index stayed negative for the fifth straight month the index which looks at manufacturing activity in the new york area fell to negative 8.1 in december from negative 5.2 in november november. >>> morgan stanley slapped with $5 million fine for the handling of the facebook ipo a massachusetts regulator says the bank had dishonest and unethical practices. morgan stanley shares are up slightly. >>> we start with the republican counteroffer in the fiscal cliff negotiations. john boehner talking about a flurry of anticipation now that he he is willing to raise taxes on people more than million dollars. a huge tep. not all republicans are happy with it. those hikes must be balanced by cutting entitlement programs. he spent more time with president obama today to try to hammer out a deal. we have a money power panel to sort this one out. roger altman, former deputy treasury secretary under presiden
deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates for the wealthy or no deal. are you willing to give a little bit? >> the phone call was pleasant but was more of the same. the conversations that the staff had yesterday were more of the same. it's time for the president if he's serious to come back to was a count offer. >> the jobs record indicated unemployment is down roughly a full point from this time last year. if no deal happens -- [inaudible] . why take such a risk when the job numbers are improving. >> because increasing tax rates will hit many small businesses that produc
of ours coast to coast from our radio studio right here on capitol hill in washington, d.c. and our t.v. studio because we are coming to you on both radio and television. television, of course, current tv, and on your local progressive talk radio station and on serious xm satellite radio this hour. great to see you. hope you had a good weekend. we were very, very busy here attending holiday parties here in the weekend here in our nation's capitol. there is a lot of news to talk about. we will get right to it and take your calls at 866-55-press. our toll highway free number i would love to here from you on the issues of the day. i would love to hear from you on twitter @bpshow or facebook show/billpress. don't forget there is sort of a parallel universe. you can be listening to the show, watching the show you can go to the chat room and you are in with your fellow people up early this morning or your fell other "full-court press"ers ready to talk about and debate the issues we are talking about here on the air. good to see you today. we have a lot goi
condition. but say he is expected to be okay. >>> there may finally be progress in washington. an effort to prevent going over the fiscal cliff and now there is word december 31 may not be a hard and fast deadline. >> and as steve mentioned a rainy start to the day. and he will be back to tell us how long the rain is sticking around. >> we're live in the sunset district, where three robbers entered their way into this home and tied up their victims. we will tell you how the victims are feeling today and what the robbers got away with. q >>> we want to update you now on a developing story we told you about just a few minutes ago about the dublin pleasanton bart station. we just learned that station has reopened. bart says the equipment problem that prompted the closure has been resolved. >>> there are signs of progress in washington, d.c., in the fiscal cliff debate. house speaker john boehner is now offering to accept a tax increase but only on people making more than $1 million a year. and that falls short of president obama's call to raise tax rates on people with incomes of more than
heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boe
it totally mythical numbers, that nothing is actually being done at all. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's serious about the rates. >> you can't even guarantee that guys like demint and that wing of the part -- you saw what he said yesterday. >> i didn't see what he said. >> he said no way. 800 billion in tax increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. b
earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even past the edge of the deal and then something happens. i still think the market believes there will be a deal, but it is a deal that might happen on january 14th. so, i don't think december 31st is a real deadline, in the mark it's mind. >> steve, tell us, what are the things that can happen that will sort of rouse the market here, move the market up or down ire way? >> well, first of all, i think the tendency for the market right now is to go higher because you have zero interest rates and zero interest rates act as a tremendous stock market flotation device. opposing investments are, you know, yielding essentially nothing at this point, so stocks become very attractive. but i still think the big story and the stories that most traders will be watching is the fiscal cliff so that's story number one. an interesting thing happened yesterday and that's the price of oil traded to an all-time high going back to october, not an a
optimism for a deal seems to be fading. steve is live in washington with more. >> reporter: one month away from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the fu
>> steve: you have a schism in the republican party. they went to washington. look they are not going to raise on anybody and we'll cut thengs . you have the other faction . republican party saying look, we didn't do so well in the last election . we have to compromise with the president to get something done . that's why john boehner said i don't have a votes mr. #2: if you give me plan b i am vetoing in. republicans were saying we are giving you something and go home. they decided plan b will not pass . they are not coming back until after christmas. mr. boehner said i tried. you cut a trial. newt kning rich sat down with bill clenton and 30 days of one and one negotiation . he said it is time to go back to that. >> my advice to them have every single committee starting january 3rd hold hearings on every lempt waste in the federal government . let the country see all of the different ways to waste money to peck up on can congressman cantor. speaking is the problem and drive issue after issue . we would like to fix the tax rates, and any time the president and democrats want to talk
: you are looking live at washington d.c. in the capitol, believe it or not law makers hoping to avoid the fiscal cliff are making progress. aides said they were closer to cutting a deal. but one thing that will not click is tax hikes. how much would they be and who will would have to pay them when it come to revenue. joining us is saradoga springs, utah mayor mya love. he wanted tax increases and would now settle for 1.2 trillion and impact $400,000 or more. and sounds like he squished a bit on it and what do you think about the supposed deal? >> it is not much movement from the president's side. in if you are going for $250,000 to $400,000 that is not much. young came out with a report saying if you tax the top two brackets that will cost you 700,000 jobs. these are janitors going in and having their manager say i am sorry wecan't afford you any longer and these people are working pay check to pay check. they need mon tow feed their family. >> gretchen: - >> steve: the president wanted a two year debt limit. and that was the republicans leverage. it seems like the republicans are get
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